Hello Guys and girls,
You know about compounding very well.I know a little. I shall try to do compounding yearly 60% or more.Yes it is little tough in regular basis. But I shall try and I shall keep a record.
Initial Balance:
Why I am open about my account? My initial balance will be 243$ but I shall deposit money up to around 4000$. As it is test basis I shall not deposit more than 4000$ right now.If I can pass at least two years with this return I shall go for bulk investment in FOREX market.
My Broker:
My broker is Oanda Corporation, US division. I am choosing this broker as I shall massively diversify my funds here. Yes it may seem to you a little bit strange as what is diversification in FOREX market where USD and EURO is controlling the total trend? Japanese Yen and Swiss Franc is sometimes helping the accounts getting margin called. But I shall diversify and you will see how I manage my trades. I shall manage my own trades, market will not manage my trades and no hard Stop Loss and no hard Target Profit I shall use. So I have chosen Oanda Corporation as my broker.
Who am I:
I am not so new but I am not so old also in FOREX market or overall financial market really. I am trading FOREX from 2008 and I am in stock market from 2007. I love stock market, FOREX market, I love Fundamental of Financial Market. I am a regular reader of Financial Instruments. It's a market of huge return as you can use huge leverage here, but from my little experience I believe it is not possible to earn like hell from here as human being is not ROBOT. Many of traders use EA or ROBOTS to remove emotional sides of trading. I don't know how it works. But I think there is no robot can be made which can beat human brain. So I shall go here with moderate profit monthly 4% or quarterly 12.50% or yearly 60% or more with my dumb head. I shall learn with the course of time and will find out whether a moderate rate of return can sustain in FOREX market in long term basis. My target 4% per month may make people laugh at me who earn more than this regular basis. But I am happy with this target, as if I can do this with my little 4k fund, it will give me near about 500 million US dollar in next 25 years. My age will be then 55. Not a bad return if I can reach the target really. I am following here SLOW and STEADY wins the race.So I shall go slow.
My Approach towards the market:
Yes my major approach will be FUNDAMENTAL. I shall use Technical to trigger my trades but my main card will be fundamental. I shall use what's going on over the world. I shall use Speculation basically to catch the big trend. Say I shall catch the next big fall or rise of EU . You know guys EU is controlling the market. So it will control my trades also. So guys I am clear about my approach. I shall discuss here many fundamental issues who are interested can share your opinions here.What the other things I shall use? I shall use Trend Line, Support Resistance Zones, Channel, Divergence, Fibonacci, Elliot Wave, Price Action, Pattern or confluence of Technical Instruments. But my main confluence is Fundamental and Technical to catch the big trend like 500+ pips trend or more powerful trend. A trend in currency market does not change over the night, this is the main attractive thing in FOREX market. I shall do maximum time scalping type trading as main trend does not occur daily and I have to earn regular basis.
My risk minimization way:
I shall also minimize risk but as I shall use fundamental so the pure inflection points can be easily reached and for this reason I shall loose little and Speculation will help me a lot to scalp in good way. But I must have a plan to minimize the risk. As my target per month is 4% so I shall not take risk more than 4% in overall trade. Though here I am not using percentage risk model, so my risk will be my head originated. I shall not use any hard Stop Loss and hard Target Profit except some cases.
Wish me a good luck for the next 20-25 years.
Guys thank you for reading whatever I have written above. Wish me a good luck as though I can post this thread for the next 20 or more years and www.forexfactory.com lives till then.
Regards guys and girls.
You know about compounding very well.I know a little. I shall try to do compounding yearly 60% or more.Yes it is little tough in regular basis. But I shall try and I shall keep a record.
Initial Balance:
Why I am open about my account? My initial balance will be 243$ but I shall deposit money up to around 4000$. As it is test basis I shall not deposit more than 4000$ right now.If I can pass at least two years with this return I shall go for bulk investment in FOREX market.
My Broker:
My broker is Oanda Corporation, US division. I am choosing this broker as I shall massively diversify my funds here. Yes it may seem to you a little bit strange as what is diversification in FOREX market where USD and EURO is controlling the total trend? Japanese Yen and Swiss Franc is sometimes helping the accounts getting margin called. But I shall diversify and you will see how I manage my trades. I shall manage my own trades, market will not manage my trades and no hard Stop Loss and no hard Target Profit I shall use. So I have chosen Oanda Corporation as my broker.
Who am I:
I am not so new but I am not so old also in FOREX market or overall financial market really. I am trading FOREX from 2008 and I am in stock market from 2007. I love stock market, FOREX market, I love Fundamental of Financial Market. I am a regular reader of Financial Instruments. It's a market of huge return as you can use huge leverage here, but from my little experience I believe it is not possible to earn like hell from here as human being is not ROBOT. Many of traders use EA or ROBOTS to remove emotional sides of trading. I don't know how it works. But I think there is no robot can be made which can beat human brain. So I shall go here with moderate profit monthly 4% or quarterly 12.50% or yearly 60% or more with my dumb head. I shall learn with the course of time and will find out whether a moderate rate of return can sustain in FOREX market in long term basis. My target 4% per month may make people laugh at me who earn more than this regular basis. But I am happy with this target, as if I can do this with my little 4k fund, it will give me near about 500 million US dollar in next 25 years. My age will be then 55. Not a bad return if I can reach the target really. I am following here SLOW and STEADY wins the race.So I shall go slow.
My Approach towards the market:
Yes my major approach will be FUNDAMENTAL. I shall use Technical to trigger my trades but my main card will be fundamental. I shall use what's going on over the world. I shall use Speculation basically to catch the big trend. Say I shall catch the next big fall or rise of EU . You know guys EU is controlling the market. So it will control my trades also. So guys I am clear about my approach. I shall discuss here many fundamental issues who are interested can share your opinions here.What the other things I shall use? I shall use Trend Line, Support Resistance Zones, Channel, Divergence, Fibonacci, Elliot Wave, Price Action, Pattern or confluence of Technical Instruments. But my main confluence is Fundamental and Technical to catch the big trend like 500+ pips trend or more powerful trend. A trend in currency market does not change over the night, this is the main attractive thing in FOREX market. I shall do maximum time scalping type trading as main trend does not occur daily and I have to earn regular basis.
My risk minimization way:
I shall also minimize risk but as I shall use fundamental so the pure inflection points can be easily reached and for this reason I shall loose little and Speculation will help me a lot to scalp in good way. But I must have a plan to minimize the risk. As my target per month is 4% so I shall not take risk more than 4% in overall trade. Though here I am not using percentage risk model, so my risk will be my head originated. I shall not use any hard Stop Loss and hard Target Profit except some cases.
Wish me a good luck for the next 20-25 years.
Guys thank you for reading whatever I have written above. Wish me a good luck as though I can post this thread for the next 20 or more years and www.forexfactory.com lives till then.
Regards guys and girls.